Indian affordable healthcare group secures $10m in venture funding
Singapore’s Aquarius India Fund and Seedfund have participated in a $10 million third round of funding for Vaatsalya Healthcare, which operates in semi-urban and rural India, Economic Times reported. Bangalore-based Vaatsalya will use the capital to expand its hospital network nationwide.
The company has raised $17.5 million in private equity backing since its inception in 2005. The first investment, totaling INR1 crore ($223,000) came from angel investors in the US and Europe. Aavishkaar,...
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